Chairman of Jiuxian, Hao Hongfeng: 99% of premium wine prices have dropped across the board, this is the inevitable choice of the market economy.

Chairman Hao Hongfeng of Jiuxian Group said that by 2025, everyone will be having a tough time, especially the alcohol industry which has experienced too much. "Price inversion will be the heaviest topic in 2025, with prices of 99% of famous liquors dropping across the board. This is the inevitable choice of the market economy."